AbstractWinter cover crops (CCs) have the potential to reduce phosphorus (P) loss by temporarily fixing P into CC biomass. A field experiment with no‐tillage (NT) and conventional tillage (CT) was used to study the ability of different CC species planted after corn (Zea mays L.) and soybean (Glycine max L.) harvests to reduce the P availability in soil solution. The effect of three crop rotations (corn–no CC–soybean–no CC [C–S], corn–cereal rye (Secale cereale)–soybean–hairy vetch (Vicia villosa) [C–R–S–HV], corn–cereal rye–soybean–oats (Avena sativa)+ radish (Raphanus sativus L.) [C–R–S–OR]) and two tillage (NT and CT) treatments was determined on soil available P and soil solution P content through pan (A horizon) and tension (100‐cm depth) cup lysimeters. The experiment was set up as a randomized complete block design with tillage as a split factor with three replicates. Over the study period, incorporating hairy vetch in C–R–S–HV rotation reduced the Mehlich‐3 P content in soil by 26%–29% compared to the C–S and C–R–S–OR rotation. Both CC rotations (C–R–S–HV and C–R–S–OR) were effective in reducing dissolved reactive P (DRP) concentration in pan and tension cup lysimeters compared to the C–S in both CT and NT systems. However, these results varied with CC species grown and seasonal variability in precipitation. A significantly lower DRP load with crop rotation and tillage treatments was observed mainly during the CC growing season. During the study period, crop rotations with reduced labile soil P content and DRP loss were ranked in an order of C–R–S–HV > C–R–S–OR > C–S. Overall, this study showed that CCs have the potential in both CT and NT systems to significantly reduce P in soil and soil solution, and these effects are resilient to a wide range of precipitation conditions.